2018
DOI: 10.1108/ijrdm-08-2017-0159
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A methodology for increasing revenue in fashion retail industry

Abstract: Purpose Fashion retail companies typically exhibit short life-cycles, high volatility and low predictability. Therefore, their success is largely determined by the organisation’s flexibility and responsiveness. The purpose of this paper is to present a methodology to facilitate inventory control to minimise both shortages and excess inventory for a multi-product, multi-period finite time horizon inventory problem by using statistical and stochastic analysis. Design/methodology/approach The proposed methodolo… Show more

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Cited by 10 publications
(5 citation statements)
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References 33 publications
(31 reference statements)
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“…It holds minimum reasonable inventory, but still carries some excess inventory due to mass production. As a result, they periodically face shortages and significant levels of surplus inventory (overstocking), which translates into higher total costs (Nucamendi-Guillén et al , 2018).…”
Section: Discussionmentioning
confidence: 99%
“…It holds minimum reasonable inventory, but still carries some excess inventory due to mass production. As a result, they periodically face shortages and significant levels of surplus inventory (overstocking), which translates into higher total costs (Nucamendi-Guillén et al , 2018).…”
Section: Discussionmentioning
confidence: 99%
“…Despite the fact that consumers use a number of cues in evaluating the authenticity of a product, these are distinct in different market settings (Papadopoulos et al , 1990; Ralston et al , 1993). Thus, cues consumers use to evaluate the authenticity of an offering are likely to vary from one place or product to another (Gomes et al , 2018; Mehta and Bhanja, 2018; Nucamendi-Guillén et al , 2018; Muruganantham and Priyadharshini, 2017). It is, therefore, predicted that the retail apparel clothing consumers in Bangladesh may view product authenticity different than other cultural and market settings.…”
Section: Introductionmentioning
confidence: 99%
“…The objective is to deliver items on a wide scale as inexpensively and fast as feasible. As a result, they often encounter large amounts of excess inventory [5].…”
Section: The Current Fast Fashion Industrymentioning
confidence: 99%